EdgeConneX Seeks $2.5B Power Guarantee Facility for Data Center Expansion

EQT-backed EdgeConneX pursues $2.5B bank guarantees to lock electricity costs, signaling a shift from traditional real estate financing to energy-centric models for AI infrastructure.

Woofun AI reports that data center operator EdgeConneX Inc., backed by EQT, is negotiating with banks including Natixis and BBVA for a $2.5 billion letter of credit facility. This arrangement aims to secure electricity supply costs for the company's global expansion projects. The move reflects a broader industry shift where AI infrastructure firms are moving away from traditional real estate financing toward structures centered on long-term power contracts to address rising energy procurement needs.